4 Problem 8-14 Dollar-value LIFO [LO8-8] Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2018, with an inventory of $147,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows 6 points Year Ended Ending Inventory Cost Index (Relative to Base December 31 at Year-End Costs 2018 2019 2020 2021 $220,500 283,360 264,870 262,150 Year) 1.05 1.12 1.09 1.07 eBook Reference Required Calculate inventory amounts at the end of each year. (Round intermediate calculations and final answers to the nearest whole dollars. Inventory Layers Converted to Base Year Cost Ending Inventory DVL Cost Inventory Layers Converted to Cost Inventory at Year- End Cost Year- End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year- End Cost Index Inventory Layers Converted to Cost Date 01/01/2018 12/31/2018 Base Base 2018 Base 2018 2019 Base 2018 2019 Base 2018 2019 2021 12/31/2019 12/31/2020 12/31/2021